Homeland Security and Emergency Management Market

The Homeland Security and Emergency Management Market is projected to grow from an estimated USD 668.7 billion in 2021 to USD 904.6 billion by 2026, at a CAGR of 6.2%. The major growth drivers for this market include rising smart city initiatives that drive public safety and investments, growing trend for IoT in homeland security, and increase in criminal activities and terrorist attacks. Furthermore, the emergence of big data analytics in cybersecurity, adoption of cloud computing technologies in the cybersecurity industry, and the use of AI in border and public safety are expected to provide significant growth opportunities for the homeland security and emergency management market during the next five years.

Major Homeland Security and Emergency Management Companies Include:

• Lockheed Martin Corporation (US)
• Northrop Grumman Corporation (US)
• Thales Group (France)
• BAE Systems (UK)
• Elbit Systems (Israel)

Major focus was given to the development of new products due to the changing requirements of law enforcement and emergency services authorities across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the homeland security and emergency management market.

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Lockheed Martin Corporation (US) secures the first position in the homeland security and emergency management market. It is one of the leading companies that provide products for homeland security, civil government, and cybersecurity applications. It applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities help law enforcement agencies make decisions faster with a reduced workload. In April 2019, Lockheed Martin Corporation received the Spectrum Efficient National Surveillance Radar (SENSR) contract that is expected to consolidate and modernize Americas aging surveillance and air traffic control radars. SENSR is expected to replace current air traffic control and surveillance radars with fewer, more advanced multi-mission systems, and release the wireless spectrum for commercial use.

Raytheon Technologies Corporation (US) secures the second position in the homeland security and emergency management market. It is one of the leading companies that provide products for homeland security and emergency management, civil government, and cybersecurity applications. The company develops technologically integrated products, services, and solutions such as sensing; effects; Command, Control, Communications and Intelligence (C3I); mission support; and cyber and information security for various markets. Raytheon BBN Technologies is one of the company’s premier research & development centers with expertise in big data, cloud computing, cybersecurity, distributed systems, immersive learning, and networking and communications. The company also focuses on the development of artificial intelligence and machine learning techniques. In January 2020, Raytheon received a contract worth USD 197 million from the US Air Force to design a ground system that is expected to be used to collect and process data from missile warning satellites.

Northrop Grumman (US) secures a major share in the defense and military markets. It showcases strong experience in developing next-generation technologies such as electronic warfare and artificial intelligence. It is a leading global security company that provides innovative systems, products, and solutions in the autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization segments to customers worldwide. Northrop Grumman provides products, services, and integrated solutions for the aerospace and electronics sectors. The company is a prime contractor for high-priority defense and government service technology programs in the US. In January 2020, Northrop Grumman Corporation was awarded a USD 70 million, 28-month contract to transform the software development process for the US Army’s Integrated Air and Missile Defense (IAMD) Battle Command System (IBCS) to an agile development framework.

Related Reports:

Homeland Security and Emergency Management Market by Vertical (Homeland Security, Emergency Management), Solution (Systems, Services), Installation (New Installation, Upgrade), End Use, Technology, and Region - Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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